XPECT'HOME: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
XPECT'HOME
Largest movements
- Stocks and contracts -€392,129
down €392,129 (-100%), from €392,129 to €0
- Cash +€93,104
up €93,104 (+6,303%), from €1,477 to €94,581
mainly Stocks and contracts (+€392,129) and Net result for the year (+€50,600)
- Receivables within one year +€25,265
up €25,265 (+12.2%), from €207,469 to €232,734
of which Other amounts receivable: +€25,374
- Tangible fixed assets -€9,198
down €9,198 (-3.3%), from €281,353 to €272,155
of which Land and buildings: -€9,198
- Short-term financial debts -€327,000
down €327,000 (-49.5%), from €660,000 to €333,000
- Profit (loss) carried forward +€50,600
up €50,600 (+97.3%), from -€52,030 to -€1,431
- Gross operating margin +€50,481
up €50,481 (+195%), from €25,873 to €76,354
- Financial charges -€22,852
down €22,852 (-49.8%), from €45,876 to €23,024
- Taxes +€3,015
up €3,015, from -€3,015 to €0
- Financial income -€1,558
down €1,558 (-14.3%), from €10,933 to €9,374
- Depreciation -€1,318
down €1,318 (-12.5%), from €10,516 to €9,198
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €894,666 | €611,370 | -€283,296 | -31.7% |
| Fixed assets | 21/28 | €291,353 | €282,155 | -€9,198 | -3.2% |
| Tangible fixed assets | 22/27 | €281,353 | €272,155 | -€9,198 | -3.3% |
| Land and buildings | 22 | €281,353 | €272,155 | -€9,198 | -3.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €603,313 | €329,215 | -€274,098 | -45.4% |
| Stocks and contracts in progress | 3 | €392,129 | €0 | -€392,129 | -100% |
| Stocks | 30/36 | €392,129 | €0 | -€392,129 | -100% |
| Amounts receivable within one year | 40/41 | €207,469 | €232,734 | +€25,265 | +12.2% |
| Trade receivables | 40 | €2,272 | €2,163 | -€109 | -4.8% |
| Other amounts receivable | 41 | €205,196 | €230,571 | +€25,374 | +12.4% |
| Cash at bank and in hand | 54/58 | €1,477 | €94,581 | +€93,104 | +6,303% |
| Deferred charges and accrued income | 490/1 | €2,239 | €1,900 | -€339 | -15.1% |
| Total equity and liabilities | 10/49 | €894,666 | €611,370 | -€283,296 | -31.7% |
| Equity | 10/15 | €29,093 | €79,692 | +€50,600 | +174% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,523 | €62,523 | = | 0.0% |
| Distributable reserves | 133 | €62,523 | €62,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,030 | -€1,431 | +€50,600 | +97.3% |
| Amounts payable | 17/49 | €865,574 | €531,678 | -€333,896 | -38.6% |
| Amounts payable after more than one year | 17 | €195,506 | €188,078 | -€7,428 | -3.8% |
| Financial debts | 170/4 | €195,506 | €188,078 | -€7,428 | -3.8% |
| Amounts payable within one year | 42/48 | €669,344 | €342,902 | -€326,443 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €7,697 | €8,032 | +€335 | +4.4% |
| Financial debts | 43 | €660,000 | €333,000 | -€327,000 | -49.5% |
| Credit institutions | 430/8 | €660,000 | €333,000 | -€327,000 | -49.5% |
| Trade debts | 44 | €93 | €120 | +€27 | +29.4% |
| Suppliers | 440/4 | €93 | €120 | +€27 | +29.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,554 | €1,749 | +€195 | +12.5% |
| Accrued charges and deferred income | 492/3 | €723 | €698 | -€25 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,516 | €9,198 | -€1,318 | -12.5% |
| Other operating charges | 640/8 | €1,930 | €2,907 | +€977 | +50.6% |
| Gross operating margin | 9900 | €25,873 | €76,354 | +€50,481 | +195% |
| Operating profit (loss) | 9901 | €13,427 | €64,249 | +€50,822 | +379% |
| Financial income | 75/76B | €10,933 | €9,374 | -€1,558 | -14.3% |
| Recurring financial income | 75 | €10,933 | €9,374 | -€1,558 | -14.3% |
| Financial charges | 65/66B | €45,876 | €23,024 | -€22,852 | -49.8% |
| Recurring financial charges | 65 | €45,876 | €23,024 | -€22,852 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,516 | €50,600 | +€72,116 | |
| Income taxes | 67/77 | -€3,015 | €0 | +€3,015 | |
| Profit (loss) for the period | 9904 | -€18,501 | €50,600 | +€69,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,501 | €50,600 | +€69,101 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.